Soil launches RLUSD yield protocol on XRP Ledger, expanding utility for Ripple's stablecoin

• Soil has launched what it describes as the first compliant real-world asset-backed yield protocol on XRP Ledger for RLUSD.

Article Summaries:

• Soil has introduced the first compliant, real‑world asset‑backed yield protocol on the XRP Ledger, targeting Ripple’s RLUSD stablecoin. The platform enables RLUSD holders to earn yield on their deposits while maintaining regulatory compliance, a feature that has been lacking in many existing DeFi solutions on the ledger. By integrating RLUSD into a yield‑generating framework, Soil expands the utility of Ripple’s stablecoin and demonstrates the XRP Ledger’s capacity to support compliant, asset‑backed financial products. The launch marks a significant step toward broader adoption of RLUSD in the decentralized finance ecosystem.

Sources:

• https://www.theblock.co/post/390465/soil-launches-rlusd-yield-protocol-on-xrp-ledger-expanding-utility-for-ripples-stablecoin?utm_source=rss&utm_medium=rss